Portfolio Financial Servicing Company Engaged to Provide Multi-State Sales, Use and Personal Property Tax Services

PORTLAND, OR.  Portfolio Financial Servicing Company (“PFSC”), a third party servicer of commercial and consumer leases, loans and annuity-type contracts, announced today that it has been engaged to perform nationwide sales, use and personal property tax return preparation, filing and treasury services for a recently formed equipment leasing division of a bank holding company.  Terms… Read more »

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Portfolio Financial Servicing Company Selected As Backup Servicer for Merchant Cash Advance Credit Facility

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”) announced today that it has entered into a definitive agreement to act as Backup and Successor Servicer for a leading specialty finance company offering merchant cash advance financing to commercial accounts throughout the U.S. Merchant cash advance loans represent a specialty lending niche in which PFSC has servicing… Read more »

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Portfolio Financial Servicing Company Selected As Backup Servicer for $900M Asset-Backed Note Securitization

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”), announced today that it has entered into a definitive agreement with a captive finance company to act as Backup Servicer for an approximate $900M commercial equipment finance portfolio, comprised primarily of loans secured by new and used medium and heavy duty trucks. Terms of the servicing agreement remain… Read more »

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Portfolio Financial Servicing Company Selected As Backup and Successor Servicer for Commercial Equipment Loan Facility

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”), announced today that it has entered into a definitive agreement to act as Backup and Successor Servicer for a consortium of commercial banks regarding a commercial equipment finance portfolio. PFSC has been a leading provider of primary, backup, and successor servicing for commercial and consumer equipment finance transactions… Read more »

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Portfolio Financial Servicing Company Selected As Primary Servicer for $300M Equipment Finance Portfolio

PORTLAND, OR. Portfolio Financial Servicing Company (“PFSC”), announced today that it has entered into a definitive agreement with a 2009 Monitor 100 Equipment Finance Company to act as Primary Servicer for an approximate $300M commercial equipment finance portfolio. Terms of the servicing agreement remain confidential. In its capacity as primary servicer, PFSC will be responsible… Read more »

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